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Egypt plans $337M El Alamein residential city

Egypt plans $337M El Alamein residential city

The Egyptian government is set to develop a new residential city at El Alamein, a town located on the Mediterranean Sea in the northern governorate of Matrouh, at a investment of E£3 billion ($337 million), said a report.

The Ministry of Planning
is preparing the general plan of the first phase of the New El Alamein city,
which will come up over a 33.6 million sq m area in the north-western coast of
Egypt, reported Daily News Egypt.

The first phase of the project
will include a tourism development, part of the downtown area, and the city’s
residential area, according to a source at the Ministry of Planning.

The government had
allocated E£531 billion ($59.6 billion) from the state budget and government
investment during the current fiscal year to implement development projects and
infrastructure such as roads, bridges, electricity, and sanitation.

The contract for the
infrastructure work in the first phase has been assigned to the Arab
Contractors (Osman Ahmed Osman & Co) and the Société Egyptienne
D’entreprises (known previously as Mukhtar Ibrahim).